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Feb 25, 2010
02/10
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in general terms first, what exactly is chairman bernanke promising to look into? >> this has for the better part of the decade been the great big unknown, this world of derivatives which are largely unregulated secondary investment vehicles. they're almost train of thought. it's whatever an investment bank can come up with. we saw the derivative situation blow up with respect to a.i.g. where there was an oversight and now the concern not only here in the united states and in greece but in the rest of the world and in the capital markets is that the banks in parallel practice this with governments to help them duke the debts. >> brown: go back a few years to 2000, 2001. the first issue is whether and how these banks and financial institutions greece mask its true problems. how did they do that. >> greece in 2000, 2001, very much wants to become a euro member and to do that it has to be able to show its financial stability and a certain measure of austerity, it has to have, for example, a budget gap that is no more than whatever percentage limit was back then if it
in general terms first, what exactly is chairman bernanke promising to look into? >> this has for the better part of the decade been the great big unknown, this world of derivatives which are largely unregulated secondary investment vehicles. they're almost train of thought. it's whatever an investment bank can come up with. we saw the derivative situation blow up with respect to a.i.g. where there was an oversight and now the concern not only here in the united states and in greece but...
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Feb 3, 2010
02/10
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MSNBC
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. >>> ben bernanke. >> yes. >> who oversaw the collapse of not only the united states, but pretty much the entire world financial system. >> right. >> and brought our economy to its knees has been reappointed as head of the fed. >> right. >> does this give you hope for being re-elected governor of new york? because may i remind you, he screwed everybody. >> wow. >> eliot spitzer taking shots from colbert last night. here with us now, founder, editor of thedailybeast.com, tina brown. >> good morning, everyone. >> great to see you. we'll get to your explosive piece about andrew young. have you quite a bit to say about john edwards' body man. we may have to bleep that. but first, maureen dowd's don't ask, don't tell op-ed. she writes in part -- tinea it was a pretty remarkable day on capitol hill. >> i thought it was pretty believing. very moving indeed. one does ask whether it will ignite a cultural war thing and distract. that's the only thing that scares me, we do need to be focused on jobs now. the timing seems strange. but having said that, it was a moving moment. it is obscene we ha
. >>> ben bernanke. >> yes. >> who oversaw the collapse of not only the united states, but pretty much the entire world financial system. >> right. >> and brought our economy to its knees has been reappointed as head of the fed. >> right. >> does this give you hope for being re-elected governor of new york? because may i remind you, he screwed everybody. >> wow. >> eliot spitzer taking shots from colbert last night. here with us now,...
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Feb 10, 2010
02/10
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WMPT
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chairman ben bernanke outlined the effort in written testimony for a congressional committee. bernanke said the economy still needs an easy money policy for now, but he added: "at some point the federal reserve will need to tighten financial conditions." the talk of higher rates kept wall street at bay. the dow jones industrial average lost 20 points to close at 10,038. the nasdaq fell three points to close below 2,148. thousands of workers in greece staged a national strike today, protesting a government plan to freeze salaries and cut bonuses. the 24-hour strike closed schools, and brought air travel to a halt. we have a report from john sparks of independent television news. >> reporter: it's easy to say, the 24-hour strike closed greece filed a test case for other indebted states. its huge socialist government plans been cuts. for many here on the streets of athens today it is not acceptable. "the capitalist government has declared war on the working classes. we will respond with war-like measures," said this mp. the government wants to raise the retirement age by two year
chairman ben bernanke outlined the effort in written testimony for a congressional committee. bernanke said the economy still needs an easy money policy for now, but he added: "at some point the federal reserve will need to tighten financial conditions." the talk of higher rates kept wall street at bay. the dow jones industrial average lost 20 points to close at 10,038. the nasdaq fell three points to close below 2,148. thousands of workers in greece staged a national strike today,...
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Feb 11, 2010
02/10
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CSPAN2
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bernanke, and new york feds decided to give additional funds to aig. some of which we used to pay the counterparties to the contracts; right? >> yes, in november, in the t.a.r.p., we made a $40 billion capital investments, and then the fed put some additional money into which was used up for the contracts. >> just so we are clear, when we were giving credit here, the t.a.r.p., the $700 billion in t.a.r.p. was during your term as secretary of the treasury. >> implode of that, sir. >> that was your ideaing the t.a.r.p.? >> it was a number of ideas. it was something i'm proud of and it was necessary. >> and the $85 billion that was loined -- loaned to aig was not done through congress? >> no, that was a decision taken by the fed. >> what source did they use? >> they used their funds. >> and their funds, they emanate from where? >> from the u.s. government. >> where they fees from other banks, they come from your treasury, where? >> they come from fed obviously can print money. >> did they take money that they had from fees charged to number bank or print
bernanke, and new york feds decided to give additional funds to aig. some of which we used to pay the counterparties to the contracts; right? >> yes, in november, in the t.a.r.p., we made a $40 billion capital investments, and then the fed put some additional money into which was used up for the contracts. >> just so we are clear, when we were giving credit here, the t.a.r.p., the $700 billion in t.a.r.p. was during your term as secretary of the treasury. >> implode of that,...
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Feb 18, 2010
02/10
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CSPAN2
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, i don't know why we reappointed bernanke. in terms of the entitlement programs, yeah we have a public pension program, which is hugely popular. you look at polling day that-- i was at a conference this morning in social security is over 90%. they ask people would you be willing to pay higher taxes to sustain sosa security benefits and 70 to 80% said yes. i don't see any problem with running a pension program through the public sector. what is the problem with the? it is usually popular. health care costs, medicare again. we are providing medicare health care benefits for seniors. that is also hugely popular. you have these tea party people out there yelling don't let the government touch medicare. they are anti-government but they want medicare. medicare is a government program. these are success stories. our health care costs are out of line in such as security has not been rising in its share of the budget and it will in the near future is baby boomers are retiring and getting benefits. in fact it actually fell a few years
, i don't know why we reappointed bernanke. in terms of the entitlement programs, yeah we have a public pension program, which is hugely popular. you look at polling day that-- i was at a conference this morning in social security is over 90%. they ask people would you be willing to pay higher taxes to sustain sosa security benefits and 70 to 80% said yes. i don't see any problem with running a pension program through the public sector. what is the problem with the? it is usually popular....
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Feb 11, 2010
02/10
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CSPAN2
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on the currency's i would only say that, ay that, as you know,n bernanke and tim geithner are saying in the interest of the united states. the other major currencies. i say myself i fully agree it is in the interest of the united states. i would also say that it corresponds to the overall superior interests of the group the so what this say. i would also said that as a major floating currencies we have members of other currencies that could themselves have a progressive and orderly and timely appreciation. that is the way i see the running of the present situation. we could imagine other solutions, of course. they said to have a floating major currencies. >> other questions? yes, sir. in the front row. >> every country has its own problems and its own solutions. how do you see? what would be the challenge is to iraq ? thank you. >> peter. >> well, it is a good point. i wish i was more confident that it would succeed. it is very important to succeed. it is very important we continue to progress, but i am not expecting is to suddenly become easy. even the process of trying to make it h
on the currency's i would only say that, ay that, as you know,n bernanke and tim geithner are saying in the interest of the united states. the other major currencies. i say myself i fully agree it is in the interest of the united states. i would also say that it corresponds to the overall superior interests of the group the so what this say. i would also said that as a major floating currencies we have members of other currencies that could themselves have a progressive and orderly and timely...
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Feb 11, 2010
02/10
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CSPAN
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bernanke. -- thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] ♪ >> we have quite a lineup on this isle. only a couple on the other. we need a few more folks down here. we've already had to pull some day -- a fulsome day. let's proceed to our question and answer session. we have three other excellent speakers, so a lot to look forward to. i want the banking for coming and your excellent attention. this is our fifth symposium and they seem to get better every year, if that is indeed possible. thank you all for making this such a productive in event. all right, we will begin with our question and answer is, and because there are more of you then of view, we're going to start on this side. >> this is a question for mr. kantor. and cultural prophets redeem themselves with accurate insights? >> i am not sure that i understand the question. >> you are talking about cultural prophesied and you believe that they cannot predict accurately. bu
bernanke. -- thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] ♪ >> we have quite a lineup on this isle. only a couple on the other. we need a few more folks down here. we've already had to pull some day -- a fulsome day. let's proceed to our question and answer session. we have three other excellent speakers, so a lot to look forward to. i want the banking for coming and your excellent attention. this is our...
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Feb 11, 2010
02/10
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CSPAN
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on the currencies, i would only say that, as you know, ben bernanke and tim geithner are saying a strong dollar is in the interests of the united states, in relation to the other major floating currencies. i say myself, on my part, i fully agree. a strong dollar is in the interests of the united states. i would also say that it corresponds to the overall superiority interest of the global economy as a whole, and certainly of the interest of europe. i echo what they say. i would also say that, as major floating currencies, we have the sentiment that a number of other currencies that are not floating could themselves have a progressive and orderly and timely appreciation. that is the way i see the running of the present situation. in the very long run, we could imagine other solutions, but at the present moment we are running a set of free floating major currencies, and there you have the terms of reference that we agree upon. >> another question? yes, sir. in the front row. >> while every country has its own problems and is thinking of its own solution, how do you see the doha round will
on the currencies, i would only say that, as you know, ben bernanke and tim geithner are saying a strong dollar is in the interests of the united states, in relation to the other major floating currencies. i say myself, on my part, i fully agree. a strong dollar is in the interests of the united states. i would also say that it corresponds to the overall superiority interest of the global economy as a whole, and certainly of the interest of europe. i echo what they say. i would also say that,...
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Feb 17, 2010
02/10
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CSPAN
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bernanke does not want to step up and -- i think mr. bernanke, unfortunately, does not want to step up and take responsibility. i think the administration put a good deal of capital to work to make sure that he stayed on as chairman of the fed. but honestly, it would require presidential leadership at this point. we see encouraging signs, but also discouraging signs. the president said nice things about big bankers and their compensation just last week. you have to ask the white house where we are on this issue. host: simon johnson is the author of an upcoming book, "13 bankers." when will this come out? guest: when wilthe end of march. i do not think this problem is going to go away anytime soon. host: wyoming, republican line. caller: i would just like to say a few things and please do not cut us off because we do not get a chance to get in as many times as the democrats and the independent line. i'm a conservative woman of color. i notice every time on c-span and i get to be disappointed. and i will get to my question. i notice a tal
bernanke does not want to step up and -- i think mr. bernanke, unfortunately, does not want to step up and take responsibility. i think the administration put a good deal of capital to work to make sure that he stayed on as chairman of the fed. but honestly, it would require presidential leadership at this point. we see encouraging signs, but also discouraging signs. the president said nice things about big bankers and their compensation just last week. you have to ask the white house where we...
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Feb 11, 2010
02/10
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CSPAN
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bernanke said we cannot allow ourselves to be in a situation where the debt continues to rise which leads to an unsustainable situation. the former treasury secretary said it is clearly unsustainable the former head of the gao, general walker said we are on imprudent and unsustainable long-term fiscal path. the former chairman of the federal reserve, mr. greenspan said the federal budget is on an unsustainable path. do you noticed the similarity, unsustainable, unsustainable, unsustainable? i know there is a sense of denial among our colleagues about the seriousness of this threat. i see it every day. i have just come from açó meetig in which i see it. this is tough. but it has to be dealt with. if we let this get away from us, we will rue the day. we will rue-the-day. we will regret for ever the consequences to the country. we have to face up to this. whether it is through the commission that the president proposed or some other method, we have got to deal with the consequences of a failure to act. we have to act, the sooner the better. the economic security of our nation depends on an
bernanke said we cannot allow ourselves to be in a situation where the debt continues to rise which leads to an unsustainable situation. the former treasury secretary said it is clearly unsustainable the former head of the gao, general walker said we are on imprudent and unsustainable long-term fiscal path. the former chairman of the federal reserve, mr. greenspan said the federal budget is on an unsustainable path. do you noticed the similarity, unsustainable, unsustainable, unsustainable? i...
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Feb 2, 2010
02/10
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CSPAN
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i said --ç and i remembered s@iing this to bernanke -- i believe for theç denning wall . you guys and your friends and wall street caused the problem. even if you think the ballot as necessary, i tell you what to do. go back to the richest and saying we are putting a surtax on millionaires and billionaires to pay for the bailout. that was my view. xd and iç think what michael is talking about, there was huge frustration and anger in this countryq that government has worked to protect the interest of wall street whileç ignoring- çkow3michael talkingi] about tt that he is a father tried to send kids through college. we are putting more money into programs but we have a lot more to do. i think what people are saying and crying out for, what about us. we are working 50 or 60ç hoursa week, start worrying about us and not just the big money interests. i (jjtjr host: senator bernie sanders, thank you for coming on "washington journal." we will take a short break and will become that the discussion regarding the economy and the latinoç community but the president of la
i said --ç and i remembered s@iing this to bernanke -- i believe for theç denning wall . you guys and your friends and wall street caused the problem. even if you think the ballot as necessary, i tell you what to do. go back to the richest and saying we are putting a surtax on millionaires and billionaires to pay for the bailout. that was my view. xd and iç think what michael is talking about, there was huge frustration and anger in this countryq that government has worked to protect the...
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Feb 24, 2010
02/10
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CSPAN
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ben bernanke, the chairman for the federal reserve goes to capitol hill this morning. lawmakers will question him on what he can or will the to ease the jobs crisis and make sure the economic crisis -- economic recovery lasts. you can hear the first hour on c-span radio. there is a new study showing hispanics at high-level staff positions in capitol hill are almost nonexistent. this is in spite of the fact that they make up nearly 1/6 of the u.s. population. a of a hundred senate chief of staff, only one is hispanic. there is no hispanic legislative directives -- directors and only one hispanic staff director. hispanics only hold 12 of the roughly for a 40 chief of staff jobs and only nine legislative director slots. -- 140 chief of staff jobs and only nine legislative director slots. some say that is an outrage. the european union wants to halt all executions by 2015 as a step towards abolishing the death penalty. the prime minister did not know how the eu would persuade countries like the united states, china, and i went to change their laws. he was to set up an inte
ben bernanke, the chairman for the federal reserve goes to capitol hill this morning. lawmakers will question him on what he can or will the to ease the jobs crisis and make sure the economic crisis -- economic recovery lasts. you can hear the first hour on c-span radio. there is a new study showing hispanics at high-level staff positions in capitol hill are almost nonexistent. this is in spite of the fact that they make up nearly 1/6 of the u.s. population. a of a hundred senate chief of...
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Feb 13, 2010
02/10
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CSPAN2
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extending -- bernanke jobs version when the president was asked about when he was here asked about mitch mcconnell talking about how they can support, republicans can support nuclear energy and the president's response was, i'm paraphrasing but of course they like those are republican ideas offering in the name of bipartisanship and what's going on here is the reverse, harry reid taking out the one democratic idea. >> do you think helping small businesses grow by allowing them to write off their expenditures is going to -- something that is a democratic idea? you think that the highway trust fund extension is a uniquely space space idea? if you were to break the components of that bill individually each of those would donner strong bipartisan support. so,, i think we are in some ways over reading some of this because again, i think personally i believe that the components of this bill, several components that were in the bipartisan bill but are not in the reid bill will still be bipartisan. i think -- i don't think any of the ideas the life list here today are uniquely space ideas that h
extending -- bernanke jobs version when the president was asked about when he was here asked about mitch mcconnell talking about how they can support, republicans can support nuclear energy and the president's response was, i'm paraphrasing but of course they like those are republican ideas offering in the name of bipartisanship and what's going on here is the reverse, harry reid taking out the one democratic idea. >> do you think helping small businesses grow by allowing them to write...
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Feb 25, 2010
02/10
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federal reserve chairman ben bernanke told the senate banking committee today and his second day of testimony on capitol hill this week that interest rates will have to stay low for a lengthy period to counter a weak job market. the u.s. central bank chief prepared remarks were virtually identical to those delivered yesterday to the house financial services committee. and cheaper nike also told lawmakers that goldman sachs and other wall street firms may be looking into a sophisticated instrument investment instrument to make bets that greece will default on its debts. also about the healthcare summit which you can see live on c-span3 and c-span.org, a story from yahoo news saying that a consensus on how to rein in spiraling healthcare costs seem to be emerging as president obama some that the president agreed with assertions by oklahoma republican senator tom coburn that abuse them out account up to a third of the cost of a time of programs like medicare and medicaid. and is a major barrier to worldwide insurance coverage. senator coburn said that the cost is the chief reason millions of peo
federal reserve chairman ben bernanke told the senate banking committee today and his second day of testimony on capitol hill this week that interest rates will have to stay low for a lengthy period to counter a weak job market. the u.s. central bank chief prepared remarks were virtually identical to those delivered yesterday to the house financial services committee. and cheaper nike also told lawmakers that goldman sachs and other wall street firms may be looking into a sophisticated...
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Feb 25, 2010
02/10
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WRC
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. >>> well, fed chairman ben bernanke told congress wednesday that interest rates will remain low to support continued economic growth. >>> and the house is now set to vote on a jobs bill after the full senate passed the $15 billion measure on wednesday. >>> and just today after being released from a washington, d.c., hospital after suffering a heart attack, former vice president dick cheney is having coffee today with his former boss, president george w. bush. it is the first time the two have seen each other since they left office. >>> and a close call this week for an officer in michigan who was on the side of the road with a driver when another car came barreling towards him. he managed to jump to avoid being pinned, and amazingly, suffered only minor injuries. it is 7:15. let's head back now to matt, meredith, ann and al. >> all right, thanks, amy. >> seems like we've got just nasty weather across the whole continent. >> that's right. >> snowing and nasty in the northeast. >> but it just stopped here. >> and that's not the only place. we've got a storm system brewing right now,
. >>> well, fed chairman ben bernanke told congress wednesday that interest rates will remain low to support continued economic growth. >>> and the house is now set to vote on a jobs bill after the full senate passed the $15 billion measure on wednesday. >>> and just today after being released from a washington, d.c., hospital after suffering a heart attack, former vice president dick cheney is having coffee today with his former boss, president george w. bush. it is...